Guideline Value for RAGAVENDRAR KOIL STREET PERAMANUR (WARD -15)

Ragavendrar Koil Street Peramanur (Ward -15) guideline value

The current guideline value for Ragavendrar Koil Street Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ragavendrar Koil Street Peramanur (Ward -15) has changed

Over the years, the guideline value for Ragavendrar Koil Street Peramanur has undergone several revisions. The earliest recorded value is from 2012, which was Rs 400 per sq.ft. This figure remained unchanged in the subsequent revision in 2017, where it decreased to Rs 268 per sq.ft. However, from 2017 to 2023, the guideline value saw a significant increase of 49%, bringing it to Rs 400 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, indicating that Ragavendrar Koil Street Peramanur's 2024 figure is below this median.

• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)
• Rail Nagar 10nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 11nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 12nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar 13nd Street (Ward -2): Rs 661 per sq.ft (2024)
• Rail Nagar, 13th Cross Street (Ward -2): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendrar Koil Street Peramanur (Ward -15)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ragavendrar Koil Street Peramanur (Ward -15)?

The Sub Registrar Office that covers Ragavendrar Koil Street Peramanur (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Panangottur

The guideline value plays a crucial role during the registration of property transactions in Panangottur. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the financial obligations involved in the transaction. Buyers should ensure that they are prepared to pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Ragavendrar Koil Street Peramanur?

The current guideline value for Ragavendrar Koil Street Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Ragavendrar Koil Street Peramanur?

The land classification for Ragavendrar Koil Street Peramanur is Residential Class II Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office registers properties in Ragavendrar Koil Street Peramanur?

The Chengleput Joint II Sub Registrar Office registers properties in Ragavendrar Koil Street Peramanur, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.